Contract Management and Contingent Liabilities Officer at Wema Bank Plc

Wema Bank Plc - Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

We are recruiting to fill the position below:

Job Title: Contract Management and Contingent Liabilities Officer

Location: Lagos
Employment Type: Full-time

Job Summary

• To oversee and manage the full lifecycle of contracts and monitor any contingent liabilities to mitigate financial and legal risks to the organization.

Job Details

• Issue contingent liabilities such as guarantees and bonds, ensuring accuracy and compliance with regulatory requirements.
•  Review terms and conditions in inward bonds, ensuring they align with the Bank’s risk appetite and policies.
•  Monitor bonds for expiration dates, renewals, and modifications, ensuring timely action to prevent financial risks. 
• Draft and negotiate contracts with clients and other parties. 
• Lead contract negotiations and managing relationships with key stakeholders. 6. Develop efficient processes for contract management within the department. 
• Conduct extensive research and analysis on legal issues and topics. 
• Analyze and review complex contracts and identify potential legal risks. 
• Assess and enhance legal processes to ensure efficiency, accuracy, and compliance. 
• Participate in the development and maintenance of legal databases, systems, and applications. 
• Collaborate with the relevant SBUs to gain insights into the Bank's legal requirements and operations

Requirements

• Qualifications Minimum of a Second Class (Upper Division) Bachelor’s degree in Law from a reputable university. 
• Must have been called as a Barrister and Solicitor of the Supreme Court of Nigeria. 

Preferred Skills:

•  Excellent analytical and problem-solving skills.
•  Ability to work collaboratively in a team environment. 
• Strong working knowledge of Microsoft Office applications (especially Excel and PowerPoint). 
• Strong understanding of legal analysis, regulatory frameworks, and application of laws. 
• Proficiency in drafting and reviewing legal documents, contracts, and opinions. 6. Strong communication skills, with the ability to explain complex legal issues to non-legal professionals

Benefits

• Healthcare
• Staff Gym
• Creche
• Parental Leave (Paternity and Maternity)
• Year-End Bonus (13th month)
• Leave and Passage Allowance.

Application Closing Date
16th April, 2025.